Wednesday 17 September 2014

CAPITAL STROKE UPDATE 17 September 2014 : MCX NATURAL GAS



Naturalgas trading range for the day is 233.8-249.2.

Natural gas gained buoyed by U.S. weather forecasts for both warm and cool temperatures that should drive demand.

Still, forecasts for changing weather patterns prevented a strong rally, as a return of mild temperatures should cut into the need for demand.

Inventories rose by 64 bcf in the same week a year earlier, while the five-year average change is a build of 60 bcf.


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